New index tracks renewable fuel stocks

By | August 01, 2006
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In May, Merriman Curhan Ford & Co. launched an index that tracks the performance of U.S. alternative energy stocks. The Next-Generation Energy (NGE) Index is listed on NYSE Arca, the New York Stock Exchange Group's collaboration with ArcaEx, and follows 30 small- and mid-cap companies involved in alternative fuels, including ethanol; fuel cells; solar power; energy storage; and other supporting technologies. According to the company, NGE Equity Research Analyst Brion Tanous selected the weights and the companies within the index. Pacific Ethanol is among the companies tracked under the alternative fuels section, which makes up 15 percent of the index. A complete list of companies and their weights in the index can be found at www.merrimanco.com/NGEindex.